Shareholders Foundation, Inc.

A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of IntraLinks Holdings Inc (NYSE: IL) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on November 30, 2015 and NYSE: IL investors should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 10/15/2015 -- A deadline is coming up on November 30, 2015 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of IntraLinks Holdings Inc (NYSE: IL) between February 17, 2011 and November 11, 2011.

Investors who purchased a significant amount of shares of IntraLinks Holdings Inc (NYSE: IL) between February 17, 2011 and November 11, 2011, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is November 30, 2015. The class action administrator for this case is KCC Class Action Services.

The lawsuit was originally filed in the U.S. District Court for the Southern District of New York against IntraLinks Holdings Inc over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 17, 2011 and November 10, 2011. According to the complaint the plaintiff alleges that IntraLinks Holdings Inc and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between February 17, 2011 and November 10, 2011, materially false and misleading statements regarding IntraLinks Holdings Inc's business and prospects. Specifically, so the lawsuit, defendants misrepresented and/or failed to disclose that IntraLinks Holdings Inc was experiencing a slowdown in its Enterprise business segment.

Those who purchased shares of IntraLinks Holdings Inc have certain options and should contact the Shareholders Foundation.